FINALLY: LTFRB asks UBER to pay discounted ₱190 Million to lift the remaining 2 weeks Suspension

Drivers and operators of UBER System Inc., gather and meet outside its main office in Mandaluyong City, August 15 2017, a day after the Land Transportation and Franchising and Regulatory Board suspended its accreditation and operation. Photo: Manila Bulletin 

The LTFRB late Friday night (25th August 2017) announced granting Uber’s appeal to lift the one-month suspension and pay instead a fine to make up for repeatedly violating the regulatory body’s order not to accept new drivers.

Rejecting the suggestion of the Kilusan sa Pagbabago ng Industriya ng Transportasyon (KAPIT) chairman Vigor Mendoza II that UBER should pay ₱6 Billion pesos, LTFRB finally decided a discounted amount that UBER should pay to lift the remaining 2 weeks of suspension.

“The Board thus rule to grant the prayer of respondent (Uber) to lift the suspension imposed in its order of 14 August 2017; in lieu thereof, imposes a fine of ₱190 million Philippine pesos,” the order, signed August 25, 2017, read.

In addition to the fine, Uber was told to remit ₱20 million as assistance to its 36,367 transport vehicle network service (TNVS) operators who were active in the last 28 days before the suspension order was issued. The ride-sharing company should show the LTFRB a certification from its depository bank as proof of its compliance.

 “The lifting of suspension will depend on the payment of fine and remittance of financial assistance,” LTFRB spokesperson Aileen Lizada told reporters in a text message..

Lizada said the ₱190 million fines was based on the average ₱7-10 million Uber earns from its 150,000 ridership per day, multiplied by the remaining days of suspension which was supposed to be effective until  September 14, 2017.

After facing off with LTFRB officials in a dialogue at the Senate, Uber on August 17, 2017 filed an appeal to the LTFRB to revoke its suspension, proposing that it pays a fine of greater amount than the ₱5 million earlier imposed on it for continuing to accept and activate TNVS operators under its platform despite the July 26, 2016 moratorium.

The regulator halted Uber’s operations for a month from Aug. 14, 2017 for disregarding a directive to stop accepting new driver applications.

Uber, which said it did not process those applications, later told the LTFRB it could pay a fine of ₱10 million Philippine pesos to get the suspension lifted.

The Uber freeze has attracted public attention because many Philippine commuters regard the ride hailing app as more reliable and competitive than mainstream transport services (TAXIs).

Like and share: Grab, Uber and U-Hop Philippines' Drivers and Operators group

Uber recently said it had nearly 67,000 Philippine drivers.

The dispute with the Philippine regulator is the latest setback this year to Uber (USA based firm), a firm valued at more than $60 billion US Dollars.

Its Philippines suspension caused a spike in demand for rival Grab, and long queues near offices and malls and some disgruntlement about reverting to using regular taxis.

Philippine Senator Grace Poe, a prominent advocate for improving transport services, tried to bring Uber and LTFRB officials together to work out a compromise. An executive of Uber apologized for its "misunderstanding".

Poe on Friday said the hefty fine should "make Uber rethink its actions and re-evaluate its strategy in testing the extent of government regulations."

The LTFRB last year suspended applications for ride-share operators, to work out how best to regulate the industry. It said Uber was "irresponsible" for challenging that order.

Read More

Duterte Approved ₱200 Billion National Broadband for “Faster Internet Philippines”

President Duterte Approved the ₱200 Billion National Broadband for “Fast Internet Philippines”. illustration photo: Techblade.ph 

Cabinet secretary: Duterte approves national broadband program

President Rodrigo Duterte gave the go signal for a national broadband program, Agriculture Secretary Manny Piñol announced.

The approval came during latest Cabinet meeting, after Information and Communications Technology Secretary Rodolfo Salalima gave his presentation.

"President Rody Duterte has approved the establishment of a National Government Portal and a National Broadband Plan during the 13th Cabinet Meeting in Malacañang today," Piñol shared on Facebook during the meeting.

Average Internet Speed of the Philippines slightly rise from 1.4Mbps in Q1 2013 to 3.5Mbps in Q1 2016. Illustration Photo: Inquirer.net

Piñol quoted Duterte as saying he would like DICT "to develop a national broadband plan to accelerate the deployment of fiber optics cables and wireless technologies to improve internet speed."

Salalima promised last year that 2017 would mark faster Internet for social media-loving Filipinos.

In November, DICT proposed setting up a national broadband network that would primarily cater to rural areas. The project, which could cost as much as P200 billion, was estimated to take three years to complete.

Gov't wants to build ₱200-B national broadband network

It is still unclear if this is the exact plan that Duterte approved.

The Philippines marked one of the lowest Internet speeds in a State of the Internet Report released last year by U.S.-based content delivery network Akamai Technologies Inc.

Top 12 World's fastest Internet, South Korea rank no. 1. Illustration Photo: businessinsider.com

In the third quarter of 2016, it had an average connection speed of 4.2 Mbps, ranking at 103rd globally. South Korea, which was recorded to have the fastest Internet speed worldwide, averaged 26.3 Mbps. - CNN

Read More

Bitcoin Traders Still Bullish As Price Nears $1,300 Highs

Bitcoin prices hits higher than Gold

Bitcoin traders remain optimistic that the digital currency's price will increase, even as it continues to reach new all-time highs.

A perfect sign of this bullish sentiment is the recent increase in trading volume, a development that helps illustrate the strength of bitcoin's current, upward trend.

Bitcoin's 24-hour trading volume surpassed $365m today, more than 150% higher than the session low of close to $140m attained 1st March and more than 200% above the figure of roughly $110m reached 27th February, CoinMarketCap figures reveal.

Bitcoin's price has repeatedly set new record highs over the last several sessions, rising to a fresh record of $1,284.33 today, according to the CoinDesk Bitcoin Price Index (BPI).

The digital currency's price has been following this trend since 23rd February, when they broke through the previous record of $1,156.89 set in November 2013.

At the time of report, bitcoin prices had retreated slightly, falling to $1,259.59, BPI figures show.

Long data

Another strong indicator of the market's bullish nature is long-short data. Bitfinex's market for BTC/USD trading has been heavily long today, BFX Data reveals.

When measured in terms of long and short exposure, this currency pair has fluctuated between roughly 66% and 75% long during the session, pointing to the optimism that traders have about bitcoin's future price gains.

Bitcoin Prices keept getting momentum

These bullish indicators could point to a continued rally in which bitcoin keeps reaching new all-time highs, which contrasts starkly with the period of more than three years when bitcoin prices failed to set a new all-time high.

Bull/bear image via Shutterestock / Coindesk 

Read More

SMART CONDOM Counts How Many Rounds, Measure your Sizes, Performance and Detects HIV AIDS

iOS/ANDROID Smart condom with built-in nanochips that detects HIV AIDS, meaure your sex performance, sizes and sex positions. Check your iPhone and Android phones to know your overall performance. 

A UK based company has designed the “world’s first smart condom” — which uses nano-chip technology to measure performance and detect STIs.

The i.Con Smart Condom, which markets itself as the "world's first smart condom," is actually a ring that fits over a boring, dumb condom and claims to track the exercise of your man bits, as well as detect chlamydia and syphilis.

In short, the i.Con ring promises to answer every burning question you've ever had about your sex session. Don't worry, it will pair with an app for all your data visualization needs.

Rulers and tape measures are obsolete ti answer what is mmy size? According to the preorder page, the ring will answer questions such as:

1. What's my thrust velocity?
2. How fast are my thrusts?
3. How many calories did that sesh just burn?
4. How many times did I just have sex?
5. What's the average skin temperature of my... eggplant?
6. What's my girth/size? 
7. How many different positions did I just conquer?

How much is the Smart Condom?

The most advanced and first in the world Smart condom is not that expensive than your first thought because it could have only the same cost as the Nokia 3310 (2017) version and even more cheaper than buying a second hand smart phone where the app that monitors your performance would be installed. Smart condom would be soon available in the Philippines that you could buy at your favorite condom shops, 24/7 stores or at your favorite pharmacies.

For advance order and want to try, send us an email and we will give you update how to buy and where to by in the Philippines (email address: info @ pesoreserve.com )

The ring, first announced last July, is currently available for preorder on British Condoms for £59.99 (about $70 USD or ₱ 3,500.00 Philippine Pesos) with an unknown release date. But you can't actually put a ring on it yet -- the company says it won't take your money until the product has a firm release.

Plus, it aims to answer that age-old question: How do I stack up at sex to everyone else around the world? Because sure, let's gamify sex. What could go wrong?

The i.Con is described as a wearable, Micro-USB charged condom ring that can provide six to eight hours of “live” usage.The device uses a nano-chip and sensors to catalog numerous variables during sex — including penis girth, the “average velocity” and total number of thrusts per session.

The ring, which will come with a one-year warranty, will have a Micro-USB charging port to provide six to eight hours of "live" usage (not clear if this means thrust usage or something else). It will work with a combination of "nano-chip and sensors," and pair with your device via Bluetooth. (I thought it would charge kinetically, but maybe that's just a pipe dream.)

With zero pictures of the self-styled "future of wearable technology in the bedroom" on the site, it's hard to say just how all this technology will fit into a tiny ring. The company did not immediately respond to a request for comment. British Condoms does say the i.Con will be available in one size with a "band adjustment feature."

Boasting that you are the best in bed? Smart Condom shows the evidence

It will also log other info pertaining to one’s health, such as calories burned and average skin temperature. British Condoms also claims that the i.Con can work as an STI indicator, thanks to it’s “antibodies” filter” — which alerts the user when proteins or antigens, typically found in STIs, are detected.

Each device is made from synthetic rubber and contains a waterproof carbon fiber unit, which holds the nano-chip and sensors, Mashable reports.

They will be made in one size, with a “band adjustment feature,” the company says.

Once the user is done doing the deed, the data from their session is loaded onto their phone — either through the i.Con app or micro USB port.

“All data will be kept anonymous but users will have the option to share their recent data with friends, or, indeed the world,” British Condoms says. “You will be able to anonymously access stats that you can compare with i.Con users worldwide.”

Worried about privacy, the data kind? British Condoms says "all data will be kept anonymous, but users will have the option to share their recent data with friends, or, indeed the world."

Forget dick pics. Now we have to worry about dick status updates.

So, are you curious of your friend's and favorite actor's performance and sizes? stop asking.. just follow their account and ask them to share it!

Read More

1 BTC - USD Hits 1,120 and Continue Rising for the coming USA SEC ETF Decision March 11

Bitcoin hit 1,120 USD. Source: Blockchain

Friday, February 24, 2017 11:30 PM UTC +8GMT

BTC/USD hit an all-time high of 1220 level on Friday and is currently trading at 1209 levels at the time of writing (Bitstamp).

Philippine Peso - BTC Exchange rates : ₱60,277.64

Coins.ph exchange rate:  Buy: ₱60,737 PHP | Sell: ₱58,875 PHP

Buybitcoin  rate:  Buy: ₱61,581 PHP | Sell: ₱58,529 PHP

The recent upswing is possibly being driven by the upcoming decision on bitcoin ETF by the US Securities and Exchange Commission (SEC). Traders seem to be largely bullish on the bitcoin ETF getting the approval, CoinDesk reported. The SEC has until March 11,2017 to approve or disapprove the ETF.

According to Bloomberg, President Trump’s policy uncertainties might be the reason behind the recent rally. It explains that investors are looking to hedge against potential global uncertainty in the wake of President Trump’s policies and are speculating relaxation of digital currency regulations under his leadership.

On the upside, the pair will now run into resistance at 1245 (127.2% retracement of 1139.89 and 751.34) and a break above would see it testing 1280 (113% extension of 751.34 and 12.20)/1347.

Momentum studies remain bullish. Any dips could be taken as an opportunity to go long. However, caution is advised as RSI and stochs are in the overbought zone.

On the flipside, support is seen at 1200 (psychological) any violation would drag it to 1140 (trend line joining 941.81 and 1074.69)/ 1115 (5-DMA). A break below 5-DMA could see further weakness in the pair.

---

DO YOU WANT TO START EARNING BITCOIN WITHOUT SPENDING EVEN A CENT? 
   
STEP 1: 

FOR PHILIPPINE CUSTOMERS (INCLUDING OFW ABROAD): 
You must download the Coins.ph App below and register. This app would serve as your wallet to store your collected bitcoins.

FOR OUTSIDE PHILIPPINE CUSTOMERS OR FOR NON-FILIPINO CUSTOMERS

You must have a bitcoin wallet and bitcoin address through blockhain or at  Coinbase.com  You may download the Coinbase.com App below to begin.

---

STEP 2: 
FOR Coins.ph Follow the steps 1 to 3 to get the Bitcoin address and save this as you need this address.

In order for you to have a new Bitcoin address using the Coins.ph , You must follow the 3 steps above as shown in the screen captured photo. 3DkAZ2o2pypqs7KgZq5LbtEQEhgovg9iy8 is a sample of a bitcoin address.

Note: Coins.ph would ask you to download aswell the Google Authenticator as the second security verification to make sure that you are the owner logging into the account. Every time that the Coins.ph app would ask for verification, you must open the Google Authenticator as it would display a new code. Such code would change everytime you make a new transaction.

FOR  Coinbase.com if you could not find the button that would provide a new bitcoin address then proceed to  blockhain, register and get your new Bitcoin address.

---

STEP 3: 

With your bitcoin in your wallet, now you could start trading  at live trading platform by joining the fast and easy simpleFX Bitcoin trading platform.  . It is risky but if you want to take the risk and know how to see the trend up and down then you could make your $100 USD into $1,000 USD in just a day. The platform will provide you educational video tutorial if you are a n00b in currency and stocks trading.

Current exchange rate for 1 BTC to USD is $1,1888 or check Google echange rate for updates

Read More